Legal Question in Bankruptcy in Ohio
Party A has filed bankruptcy, so has bad credit. Party B wants to buy a house with Party A.
Both parties will share payment obligation.
The loan will be in Party B's name. Can the house be put in both names?
Asked on 12/29/09, 9:02 am
1 Answer from Attorneys
David Michael Benson
Benson Law Firm
Anyone's name can be put on the deed. Whether or not it's a good idea is another matter. If the parties split up and the house is underwater, will B be the only person taking the downside risk and be stuck with the deficiency?
Answered on 1/11/10, 12:16 pm
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